OFG Bancorp awards 2,080 restricted units to GC

Gonzalez Hugh reported acquisition or exercise transactions in this Form 4 filing.

Accepted by SEC EDGAR 03/27/2026 - 04:44 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Gonzalez Hugh reported acquisition or exercise transactions in this Form 4 filing.

OFG Bancorp reported that its General Counsel, Hugh Gonzalez, received a grant of 2,080 Restricted Units, each tied to one share of common stock. The award was made under the company’s Omnibus Performance Incentive Plan and vests in three equal annual installments over a three-year restricted period. Following this equity grant, Gonzalez holds 4,067 Restricted Units directly, reflecting routine stock-based compensation rather than an open-market share purchase or sale.

Insider Trade Summary

Grant/Award: 2,080 shares

Grant/Award 1 txn

Insider Gonzalez Hugh

Role General Counsel

Type	Security	Shares	Price	Value
Grant/Award	Restricted Units	2,080	$0.00	$0.00

Holdings After Transaction: Restricted Units — 4,067 contracts (Direct)

Footnotes (4)

1. F1. Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan (the "Plan") per grant of Restricted Units of February 26, 2026.
2. F2. Not applicable. The Grantee is expected to receive the underlying shares of Common Stock at the end of the Restricted Period.
3. F3. Subject to the provisions of the Plan, the Restricted Period shall lapse in three annual installments as follows: 33% on the first anniversary, 33% on the second anniversary, and 33% on the third anniversary of the date of the Award.
4. F4. Not applicable.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did OFG (OFG) disclose for Hugh Gonzalez?

OFG Bancorp disclosed that General Counsel Hugh Gonzalez received a grant of 2,080 Restricted Units. These units represent stock-based compensation under the company’s Omnibus Performance Incentive Plan and are not an open-market purchase or sale of common shares.

How many OFG Bancorp restricted units does Hugh Gonzalez hold after this grant?

After the grant, Hugh Gonzalez holds a total of 4,067 Restricted Units directly. This reflects his updated equity-based compensation position in OFG Bancorp, combining the new 2,080-unit award with his existing restricted unit holdings reported in this filing.

How do the 2,080 OFG restricted units for Hugh Gonzalez vest over time?

The 2,080 Restricted Units vest in three annual installments: 33% on the first anniversary of the award date, 33% on the second anniversary, and 33% on the third anniversary, subject to the terms and conditions of OFG Bancorp’s Omnibus Performance Incentive Plan.

Does the OFG (OFG) grant to Hugh Gonzalez involve immediate common stock issuance?

The grant does not involve immediate common stock issuance. The filing notes that the grantee is expected to receive the underlying shares of common stock at the end of the restricted period, as the Restricted Units vest according to the three-year installment schedule.

Is the Hugh Gonzalez OFG Bancorp transaction a market buy or sell of shares?

No, the transaction is not a market buy or sell. It is coded as an “A” transaction, a grant or award acquisition of 2,080 Restricted Units as compensation, rather than an open-market trade in OFG Bancorp common stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Gonzalez Hugh

(Last) (First) (Middle)

P.O. BOX 195115

(Street)

SAN JUAN PUERTO RICO 00919-5115

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
OFG BANCORP [ OFG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	General Counsel

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/26/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Units(1)	(2)	03/26/2026		A		2,080		(3)	(3)	Common Stock	2,080	(4)	4,067	D

Explanation of Responses:

1. Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan (the "Plan") per grant of Restricted Units of February 26, 2026.

2. Not applicable. The Grantee is expected to receive the underlying shares of Common Stock at the end of the Restricted Period.

3. Subject to the provisions of the Plan, the Restricted Period shall lapse in three annual installments as follows: 33% on the first anniversary, 33% on the second anniversary, and 33% on the third anniversary of the date of the Award.

4. Not applicable.

Remarks:

	/s /Nilda M. Vazquez-Rodriguez, Attorney-in-Fact for Gonzalez Hugh	03/27/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)